Trypsin is a proteolytic enzyme that helps in digestion of proteins and plays a vital role in various biochemical processes. It is commonly used in cell culture applications for detaching adherent cells from vessel surfaces and downstream processing applications. Trypsin finds major application in the food industry where it is used for tenderization of meat and preparation of soy protein products. Some common food applications of trypsin include meat tenderizers, dough conditioners, egg white liquefiers, and cheese manufacturing aids. With increasing demand for convenience food and rising meat consumption worldwide, the application of trypsin in the food industry is expected to rise substantially over the forecast period.
The global trypsin market is estimated to be valued at US$ 46.72 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising demand from the food industry represents a key driver for the trypsin market. Growth in the global meat processing industry has increased the demand for tenderizing agents like trypsin which helps break down tough muscle fibers and collagen tissues, resulting in tender meat. Moreover, surge in the production of convenience food products where trypsin is used for dough conditioning and improvement of texture has also fueled market growth. Additionally, increasing incidences of chronic diseases worldwide has augmented the adoption of plant-based meat alternatives prepared using soy proteins, which employ trypsin enzyme during manufacturing, thereby boosting market revenues. However, availability of alternatives like papain and bromelain which also exhibit meat tenderizing properties, may hinder the demand for trypsin to a certain extent over the forecast period.
Segment Analysis
The global trypsin market is dominated by the microbial trypsin segment, which holds around 65% of the market share. Microbial trypsin is preferred by most end users owing to its high purity levels and stability when compared to the animal-derived variant. It has minimal risk of toxic contamination and removes the need to source trypsin from animal sources. Within microbial trypsin, the GMP-grade sub-segment accounts for the major share due to strong demand from pharmaceutical applications.
PEST Analysis
Political: The trypsin market is governed by stringent regulations pertaining to the use and production of trypsin. Any changes in these standards can impact the industry.
Economic: The overall growth of the industries utilizing trypsin such as food & beverage, pharmaceutical, and biotechnology will drive the demand. Additionally, the rising personal care and cosmetic industry also boosts consumption.
Social: With rising health consciousness, the demand for nutritional and health supplements containing trypsin is increasing. Also, social factors such as veganism and ethical treatment of animals are propelling the microbial trypsin segment.
Technological: Advancements in fermentation technology have improved the yields and purity levels of microbial trypsin. This has augmented its use over animal-derived variants. New application areas in tissue engineering and stem cell research also support the market expansion.
Key Takeaways
The Global Trypsin Market Share is expected to witness high growth supported by the expanding application areas. The global trypsin market is estimated to be valued at US$ 46.72 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030.
The Asia Pacific region currently dominates the market due to the large production bases and rising domestic demand from industries such as pharmaceutical, food & beverage, and personal care in major economies like India and China.
Key players operating in the trypsin market are De Monchy Aromatics Limited, AOS Products Private Limited, TriVita, Inc., Edens Garden Inc., Prime Natural Beauty, and Phyto Life Sciences P. Ltd. De Monchy Aromatics and AOS Products are two leading manufacturers of trypsin globally.
For more insights, Read- https://www.pressreleasebulletin.com/trypsin-market-size-and-share/
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